I heard that Quantum Computer can destroy bitcoin.
Is it possible?
We just named it and created its features that it has quantum things to do. We are applying them in our real world. Its not a true science like destroying and it is not possible to break bitcoin. May be quantum computer have advanced technology in it which will not destroy anything. I don't know why are you thinking about destruction which we can feel only in dreams |
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Graphical looks something real improvements. We need to think that it is still based on their project development or expanding the business in orders to increase the value of the coins. However we don't have other options to believe in. We need act according to the currency market top listed coins. They may not be sustainable in future. Any way those may be under control. Not like bitcoin. |
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Hey all. So... after a few weeks of studying crypto i decided to make some purchases. I only bought a couple of days ago, so not holding coins at their lowest point. Nothing huge, but with the idea of holding it for around 10 years to give to my children. I know no-one can ever predict what will happen to prices, so i just bought what ( at this moment ) i could afford to lose, although i am sure i will add small amounts over time in the future. My purchase is made up of some XRP, Iota and Data. I also bought a Ledger Nano to store it on ( guessing that will be as safe as anything ...) Here's the main questions i am wondering....
1) Are my purchases sensible ? ( As far as anyone can be with this...and i know alot of that will be based on different peoples opinions, but i didnt want to risk getting caught in a scam ICO )
2) My ledger gets here in a couple of days... and despite reading up on MEW, i cant figure out if i will be able to send my coins straight to the ledger from the exchange, or will it be Exchange --> MEW --> Ledger.
Not asking if i should have bought X instead of Y, just asking for a little bit of knowledge as looking and reading the wealth of info out there is swamping me i.e when using/creating with MEW should i be offline ? As it seems i need to download stuff etc..
Cheers guys, any insight is appreciated..
The only reason we can believe Its a latest and advanced technology we are on. I hope the next generation will definitely encourage those kind of digital economy. So do not worry about investing. I feel like we are spending our money in unwanted things most of the time but we are realizing when we begin useful investment like crypto. I do have same thought of saving digital asset for my children and i can simply provide my wallet details before i die. I understand you are looking for someone to give guarantee. Its unpredictable. I suggest you to split your on investment on various coins and not on the same. Why are you trying on new ICO which may or may not success. There are many developed coins to invest. |
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Hello I have asked this question on several forums and got no answer. I was wondering how is it that Chain.so is struggling so hard to process all its BTC transactions. On 13/12 I have sent 0.07862241 BTC from my Hashlfare wallet and payed 0.00078572 in fees (so not a low fee transaction). Hashflare confirmed it but and my transaction has still not arrived in my Exodus wallet after 2 days. Yet when I send the same amount from my Exodus wallet for example or any other wallet for that matter and pay the same fee the transaction gets processed in under one hour. I also cannot find the transaction ID on https://blockchain.info/ it only exists on Chain.so. I do understand that miners prioritize the transaction with the highest fee and (my transaction being one of them) can somebody here be so kind and enlighten me about how is this even possible that after 2 days my transaction is still not confirmed ? I am just trying to understand the logic behind this. Many thanks I hope the transaction process picks up randomly and not based on where the request come from. Also it doesn't go in to the same pool every time. I don't know why it takes much time to confirm. Why are you still struggling with that wallet if it happens frequently. Better to change the wallet or use transaction accelerator Miner need to process it on priority since its a fee based. No way except pay high. Its increasing more. |
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i mean ,current unconfirmed count is 150k and its stable at that point , means new high fees tx are only getting mined.
amd network is very slow and congested., it take around 30-40 minutes to get 4-6 confirmations for single tx having 420 sats / byte fees. and its very high fee.
why not increase blocksize , and allow more tx to fit in a single block, and make it quicker to send btc like it was before.
its really pain in the ass, sending btc from one place to another and this another place requires 6 confirmations to verify the payment.,
and it takes around 40- 45 minutes sometimes 60 minutes for tx to show on .
bitcoin is already popular and new people are jumping in to it..,
so tx count / second is gonna increase, eventually, why not get ready for it ?
who decides what will be block size ?
code developers ?
consensus ?
will all miner's code needed to be modified ? even ASIC ?
Segregate Witness (Segwit) is the process already implemented and few future plan for the same in order to increase the block size. But still we're facing the slowness issue. I think they need to expand the segwit process for better performance. We did't expect these much users and investors entered which is increasing the loads of transaction. Now a days we are in the position to say transaction is not speed as earlier. Segwit has some what managed. Imagine if didn't have the segwit process how bad we may stuck with transaction. |
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Ok tell me what you guys think about this:
Let us say a coin's blockchain is ridiculously huge or will be. Can the protocol have an implementation where some predetermined block will be the genesis block of a brand new blockchain?
Like say that for every 1,000,000 blocks, for example, the miners put all new trannies on hold for just a sec, then gather all the existing unspent outputs in the entire blockchain together and mine a humongous genesis block for a brand new blockchain. After that they keep mining blocks like normal on the new blockchain. You don't need the old blockchain anymore, you can just throw it away.
Is that much simple in practical? It may not be possible as the blocks are connected each other only by matching with digital signature. Finally where will be our transactions history for future reference because now a day we started dealing with shopping and other things what we are doing with fiat. Someone may not required their old transaction but why do people who are dealing with huge. Archive process will not work here. |
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I'm not convinced that Lightning Network nodes/banks will be easy to setup because of technical and financial barriers. On the other hand the recent events show that bitcoin transaction limit has reached a roadblock.
I propose to split bitcoin in two blockchains just like the BCH split few month ago: BTC1 and BTC2. Users get coins on both chains and choose which one to use. Businesses and miners get more block space and can accept and mine both chains, all while running only one bitcoind process. Users can validate their chain in real time. Price discovery between chains is done on decentralized and centralized exchanges or on atomic swap exchange built in transaction protocol. Value is safely transferred between chains using atomic swaps. When network conditions improve block size can be raised to 2MB or more. If bitcoin network becomes congested again then another chain is split from the last one (or some kind of lottery is employed) and so on.
Then what will be alternate solution if we excluding the Fork or splitting the blockchain as a different child of bitcoin. Lightning network may bring secure and trust then it can be good one to implement if we more concerned about high fee. If it gives more profit and positive trust to the investors and why don't we have LN. If the BTC names splitting will create confusion and will not feel its a original. Permanent solution is what we expecting. |
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Hello,
*I am gathering some data to build a data-set from different people and wonder if you have a minute to answer my questions :*
You are a Bitcoin / Crypto user, and you are in need to use a service provided by a company, let's say an exchange, or payment processor, wallet or any kind of tool you absolutely need.
For the sake of this example, let's say you can not find any other alternative and you are forced to use THAT service
Question :
- Based on your country of residence, you would trust a company registered in which country ? and why ?
*-> Example : I am American and I would trust a US exchange because of regulations.
If you are an American citizen then you will automatically know the regulations which will gives you hope about recovering if you face any scams or issues. Also you may find the trusted company based on the positive news and review. We all know that we cannot guarantee bad things may happen or may not. I will choose those companies based on the customer review and service. If am investing a huge amount i should know about law and regulation of my country but we are dealing with common currency or internet money. Country is not a matter if we looking for trusted Exchanges. |
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How do you see Bitcoin futures trading on the CBOE this Sunday affecting the price of Bitcoin moving forward?
We're predicting the same thing about CBOE involvement in bitcoin. So we do not have other comparison to correlate the same for the value increase. Also we cannot say its a damn sure reason for bitcoin value spike but we know it will usually increase the trend if we observe increased no of investors. I believe it as a positive reason for spike as we see impact due to their involvement to the market. Lets see how market reacts after few days. So far it looks positive |
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Why there are significant differences in current BTC value between different exchanges.
Its a simple strategy which is common for any market. Totally based on the supply and demand. If the usage is high it will automatically create a demand which increases the price automatically. In my region its bit high compared with other countries. It is applicable in any market or a product. If you want to learn more about various sector just google Economics and study about that. You can learn about various statistical analysis specifically about bitcoin. |
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Ripple is now nearly ¢50 with 28% price increase people!! It's a good time to sell for traders or hold them if you are thinking long term. Which alt currency do you think will be the next profitable one?
XRP gotta a time to climb its growth after litecoin, One of the best promising coin which is achieving its best to its users. There are few investors liquidating the ripple and holding few to earn more in future. However its not only increased in selling it has also increased few buyers with more expectation in future. Ripple got its own way in order to prove them they are one of the top. I hope it will hit 1$ before end of this year |
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x5 RIPPLE x5 Current price 0.39, Target 2.4 Enormous grow for ripple could happen in a few months. I will keep this topic updated. (tp and analysis) Telegram chat : https://t.me/cryptonderful Ripple just spiked up suddenly and its gonna treat its investors with some reward as we see the growth is pretty good. Long time wait comes use full now. I could't belive that ripple hit almost near to $1 however it is believed to touch by next year hopefully. It will be due to their project development which drives the whole trend. Still it maintains the same level and hopefully it will not dip again. Expecting more in upcoming Q1 probably.Thanks for the timely updates. Was there any new sign up by ripple to any new business? |
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How are you going to invest $110 usd in altocoins if that is all you have to invest.
Ripple can be a good and it has a good trend right now. You can more for cheap in order to hold them for long term. WAVES, NEM, IOTA and LISK those coins are bit cheaper and you can buy more for long if you wants earn something after 1 year or more. Also its unpredictable it may rise according to their project development. You should be watching the market every time like news and future plan of their project |
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Hey guys.
Newbie to the forum here... :3
I've been wanting to invest in Bitcoin since the 3k$ mark. But I just haven't had the time, yes I know it was a big mistake waiting...
But I have about 4000$ to invest into Bitcoin (It's currently sitting with shares, will take a few days to pull out), I was wondering is it too late to invest it? Will it still grow? Will we see a big drop/crash soon?
My shares barely profit, if I make a few $$,$$$'s from Bitcoin, I would be more than happy since it would be doing better than my shares my advisor put me on.
I'm happy with Bitcoin, alt coins are too unstable for me in my opinion, and they have a much higher risk than Bitcoin.
Is it too late to invest?
Do not even bother whoever says its late to invest. You need set your mind to investing in this so that you can gather the news about the bitcoin future and other opinions from economist and experts in cryptocurrency. You can earn more just by simply holding for few months and you cannot earn like this from any stock market or any kind of trading. Just try to gain some knowledge about cryptocurrency technology. The main advantage is decentralized platform which means no one can control to kick you in loss. Its totally based on the supply and demand. Remember do not panic even it goes down. It will pump again. |
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I really hope we don't go parabolic for too long / too much.
Steady and healthy linear price growth is the best for long term stability and adoption.
Bitcoin isn't a stock or any other traditional asset class. This is a completely new beast the world has never ever seen before. Bitcoin is a technology, a protocol, store of value, medium of exchange and in far future maybe also a currency ones the price starts to stabilize. What you may call a bubble due to parabolic rise, could be the beginning of real exponentail growth in terms of technology s-curve adoption! Were the smartphone sales back in the early days a bubble? No this was exponential growth! What email adoption in the 90s? Bubble? No! Jesus guys do some research and learn what Bitcoin really is and try to understand what it's seven networks effects are, how they work and have an influence on BTC's value! Its totally covered most of the important discussion about bitcoin. Really clear explanation which will definitely gives confident to new investors Many people think and try to explain bitcoin as a stock market sort of thing which is not really like. Its a unique one as you said I didn't hear that bubble point from any of us here but some economist and other stock market experts try to mean as bubble. Yes i believe its a beginning to high value and advanced technology migration we are on. What if the government ban it due to decentralized concept. Not happened so far but some bad imagination strike my mind. Soon they will try to stop since the banks are against our own and separate platform which is not included banks anymore |
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Accumulate Bitcoin as much as you can. And thank me later...  This doesn't looks like CME added bitcoin futures without reason. They have lot of economist and experts in investments. Also they still looking this as a bubble and it may blast anytime. Besides the supporters are very confident with a bitcoin growth in future only because its decentralized is the best thing ever its happened in bitcoin. May be the CME involvement might excited most of us that it got a support from leading exchange giant. We can consider this a reason for small spike in value but not the whole. Bitcoin reached many peoples mind only because of its growth this year. We can expect many new investors to the crypto market |
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I already have BTC, Eth, ltc, Waves, Ripple and Neo. I wanna invest another $100 in a new Altcoin. Which one you recommend?
Almost you covered most of them in the top list in growth perspective. Why don't you choose IOTA? That too had a good spike now a days and it might pump again future. There are few things you need analyse about their project expanding so that it would helpful to buy them with confident. Also don't limit the bitcoin as you already holding. Suggestion is to increase the same and try to limit your investments in alts except ethreum because it is in growing stage. |
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I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum. I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for  1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space  2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat? Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space. However don't consider this like a fiat which can be spend for shopping and everything. Cryptocurrency is an investment that will helps to grow your fiat at the same time. So i suggest you to hold them untill its needed in emergency. Conversion is not needed if cryptos can be accepted wherever the fiat as a payments system. I will not recommend localbitcoin.com as they have few trusless people but coinbase is pretty good since i heard recommendation for most of the people |
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Looking at the hype and profit, I honestly would be the happiest if someone presented me btc this Christmas. Any Santa Claus around?
Satoshi would be our santa in this crypto world because he already made few people richer at every year and specifically this year   Santa clause can gift us just by sitting in front of PC instead roaming everywhere. Better to send the same to your friends group to get some surprise gifts in bitcoin. May be if you are participating in any signature campaign then you can consider that as a gift at the time of Christmas. |
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I made my first purchase through localbitcoins today. I bought $224.00 worth of bitcoin for $875.00  I did not realize it until after it was too late. I foolishly thought I just type in the amount in USD and that was how much BTC I got. Im so mad a myself. Then I realized after that the seller had the value of one btc at $51,000!!! Aside from an idiot like me. Who would pay that for a bitcoin when its not worth near that much. Ok rant over! You should be very cautious before choosing traders to confirm the trade amount clearly. Better to change your trading to other websites like coinbase. I also was very stolen in the localbitcoin, I had to buy bitcoin for a very high price, it even gave me headaches, i pay all fees because I bought using my paypal account, I had to deliver selfie, sign my name on paper, give print screen of my paypal account. imagine doing all this process and still buy bitcoin at an extremely high price, you were not dumb. you just did not pay attention Maybe next time I'll use an exchange like coinbase.
I think that you better do this. You are worry about the deposit fee right! that is burden for all the users who is selling or buying bitcoin in this site. However, with the fiat we can use this site to buy the bitcoin or exchange your bitcoin for cash or almost all the online wallet options and multiple countries. If op wants to change the trade value, He can ask to trader cancel the trade and you can reopen with him or can open the trade with the different user too. Keep eye while you are setting trade value and giving the payment details to him. Else you may face any payment related issues. It looks very difficult to do those formalities like submitting your selfie and so on. However that will not reward you anything and its depends on where you make trading. Yes i do had some bad experience as the fee was too high. We've to change our trading activities to other exchanges like coinbase. |
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